Asian players should adapt to new energy realities, says Dow exec

11:43 AM MDT | May 22, 2014 | Natasha Alperowicz

The change in the global energy landscape will profoundly affect Asia’s petrochemical industry, according to Peter Sykes, president Asia/Pacific at Dow Chemical. In his keynote address to the Asia Petrochemical Industry Conference (APIC) at Pattaya, Thailand, today, he urged Asian players to adapt through greater national energy security, shifting toward higher-added-value products, and innovation. Shale gas developments in the United States will majorly change the shape of the world petrochemical industry. By 2018, US chemical industry revenue is predicted...

Comments(1) for Asian players should adapt to new energy realities, says Dow exec

1.

The growth of innovation for existing olefin and downstream plants in Asia will be outmatched by the falling olefin price in USA. The only way Asian players can survive then, would be to join hands with US out-flux of NG/NGL and olefins and focus on downstream capability building. Because downstream capability building will happen in the 3rd wave according to Peter Sykes.